Quote Originally Posted by TeslaGod View Post
Obviously you don't understand how the wealthy especially in the U.S manage to avoid paying a CGT .

I'll give you a hint

I do exactly the same which is why I or they do not sell off real estate and land, or company shares for that matter.
If you're talking about 'generational wealth transfer' in the US, those days are numbered. You need to get your facts straight! The US tax code is entirely different to IRD so you have a gross misunderstanding.

https://www.mpamag.com/us/news/gener...vestors/253650

The US has estate death taxes or deemed disposition of assets upon death. Something that NZ does not have. All references for the US resident point to a lowering of CGT but not an entire elimination of CGT upon deemed disposition. So please point to some meaningful references before you make false claims.